Killajoules

TOYO Awarded LNG Regasification Plant Project in India
Toyo Engineering Corporation (TOYO, President and CEO Katsumoto Ishibashi) has been awarded a regasification plant project by Petronet LNG Ltd, India. The plant is to be constructed at Dahej, located in the State of Gujarat on the west coast of India, to expand the LNG receiving capacity from 10 million tons to 15 million tons per year. Toyo-India will lead EPC work on a turnkey basis, from engineering to construction and commissioning. The plant is scheduled to be completed at the beginning of 2017.

Toyo Engineering-India wins contract from Petronet LNG Ltd
Toyo Engineering-India has secured an EPC-LSTK contract for ’Topside Facility for Standby Jetty’ from Petronet LNG Ltd. This Project includes Engineering, Procurement & Construction on Lump sum Turnkey basis. The completion schedule is in year 2013.

Toyo Engineering-India was associated with Petronet LNG Ltd in past for their Phase I & Phase II projects and pleased to re-associate through this assignment.

Petronet LNG and GDF SUEZ conclude a 0.6 million tons of LNG contract
GDF SUEZ and Petronet LNG Limited have just signed an agreement extending along 2012 under which GDF SUEZ will sell Petronet about 0.6 million tons (nine cargoes) of liquefied natural gas (LNG). The cargoes will be from sources within GDF SUEZ’ LNG portfolio and will be delivered to Petronet’s Dahej LNG terminal in India.

Petronet LNG Ltd –Achieves yet again the highest profit
During the quarter ended June 30th, 2011, the company has operated at 105% of its capacity breaching the psychological barrier of its nameplate capacity of 10 MMTPA. Total regasified volume rose to 133.37 TBTUs against 95.11 TBTUs in the corresponding quarter last year. Due to increase volume, the turnover of the company has risen sharply to Rs. 4623.31 crores, an increase of over 83%. The Net Profit of the Company has increased to Rs. 256.71 crores, a whopping increase of over 130% from the corresponding quarter of last year. This increase in net profit is on account of additional volumes, better margins on short term contracts/sopt cargoes sourced by the company, coupled with increased efficiency in operations.